National Republican., 1887-07-14
MATERIAL DECLINES.
Considerable Long Stock Unioaded on
the Market.


NEW York, July 13.--The stock market
early In the day showed no change from
the dullness and stagnation OF the past two
days, and gave no promise OF anything diff
ferent. About noon, however, several
traders began to offer Cincinnati, Hamilton
aud Dayton stock. The last sale, which
was come weeks ago, was at 146, and the
stock wBs offered to-day down to par
while the lowest bid made for II was 40;
not single sale, however, was recorded
during the day. simultaneously with this
experience a vigorous attack was made
upon the general list, which succeeded In
bringing out considerable long stock from
weak holders, and material declines were
established In many Of the active stocks.
There was no news whatever to cause a
decline, but the uncertainties aud contra
dictory reports In regard to the Baltimore
and Oblo deal has caused q feeling Of
nervousness, which rendered the list spe-
cially open to such attacks. The coal
stocks, as q class, were also remarkably
weak, Jersey Central especially, while the
selling Of Reading was very heavy, though
II met with considerable support. There
was something OF a rally from the lowest
figures, but the feeling remained to the
close fevcrsh and unsettled.
Money on call has been easy, ranging
from 4 to O., last loan at g., and closing
offered at 4. Sterling exchange is dull aud
steady. Actual business at 4S2 to
1921 Tor G0-day bills, and 4s3l to 1882
for demand. Posted rates 4S3l to AS
Government bonds have been dull aud
steady. State bonds have been dull and
steady. -..
Treasury balances-Coln, 1884, 1896, ,7l2;
currency, $12, ,402, ,S91.
The following were the closing bid gao
tations:
4s, 127si; AZ coup, 1885; Pac 6s of 'o5, 1913;
Sbl4; No. 6s Of 's7, +i6O4; N. G. Con. 6s sl2IlS
do. 4s. 96: Tenn. settlement 6s, .slO7; do o.,
! l02! Va; ,Gs, 4s; do. consols, x N O, 81
DENY. and +. q. iirsts, 7S NJ. K. and +, o5ji
Northern Fac. firsis,. lli5s; do; seconds, 10
Northwestern cons, 1921 do. 4debenture, l99l'
| 81. l.. Chicago, and Pac hrsts, ll0 Southern
Pac. flIsts. III: I. 7: R. g. aud c., s75; Un o.
Pc, tirSis, lliT; West >, Shore, 1927; Adam
TX; Am. Express, i iGs BOs. IS Air Line % pfd v'' %
| BIC. and X. N, 4S; Canada Southern, 5'A.
Canton, +S5; Cen, Pac, "37: Ches. and Onto
| q. b. and O., li9; Cleveland and Col 81
| Con. Coal, 90; Del and Hud., lOu1a; Del and
L., lScll; Deny and r: a., y; Erie, 29,4 do.
Houston and Texas, 25; iii. Cen, 12lI55; Knns,
| and Texas, 2J; l.. 4. and W, 1917; Lake Shore
ei224; Lyl. and Nash. COL: Manhat'n aud Q m /,
Con-. %siIS Mo- Pac.. i6ojS; Mob. aud O., l3T
| 5Cs6; Norfolk and Western pid., i5 Northern
| Pdc., 33l2 do pfd, 59 Northwestern, ll5iI
| do. pid., l45; n. Y. Cen, 1073i; Chicago and
do. pfi., s5; Oregon Nav, 96lS; Pac. Mail
| 4laj; Pi,tsburg, 153: Reading, 5iaa; Richmond
and Aleg. 9; Richmond and Dan, $50; Rock
Isld, 12s; st. l.. and San. Fran ,37l4; do. pfl.,
7lM; do, first pfd., ilG; St. Paul, S5lS; do pid,
| 10; st, =. and o., aS1S; do. pfd l09i5: Texas
Pac.. 2sl4; Union Pac,, 53l4: U. S. X, 65 Wsb.
Pac., NJ; do pfd,, S9l4; Wells Fargo, l27; West
on Trust, 37h Quicksilver, 674; do. pfd., 3Oj5.